Financially in Tune LLC Takes Position in JPMorgan Equity Premium Income ETF $JEPI

Financially in Tune LLC bought a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 123,954 shares of the company’s stock, valued at approximately $7,095,000. JPMorgan Equity Premium Income ETF accounts for about 6.6% of Financially in Tune LLC’s investment portfolio, making the stock its 4th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Rice Partnership LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 124.5% in the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock valued at $26,000 after acquiring an additional 249 shares during the period. Providence Capital Advisors LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at $26,000. FNY Investment Advisers LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at $28,000. EQ Wealth Advisors LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at $29,000. Finally, Monetary Solutions Ltd purchased a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter valued at $30,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA:JEPI opened at $56.10 on Friday. JPMorgan Equity Premium Income ETF has a 1-year low of $55.10 and a 1-year high of $59.90. The stock has a market cap of $44.45 billion, a P/E ratio of 23.93 and a beta of 0.54. The firm has a fifty day moving average price of $56.51 and a 200 day moving average price of $57.43.

About JPMorgan Equity Premium Income ETF

The JPMorgan Equity Premium Income ETF (JEPI) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively-managed fund that invests in large-cap US stocks and equity-linked notes (ELNs). It seeks to provide similar returns as the S&P 500 Index with lower volatility and monthly income. JEPI was launched on May 20, 2020 and is managed by JPMorgan.